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What was the change in royalties and marketing receivable for Better Blend?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

As of and for the year ended December 31, 2023, two customers represented 85% of total revenues and 69% of royalties and marketing fees receivable.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, as of December 31, 2023, two customers accounted for 69% of royalties and marketing fees receivable. The FDD does not specify the exact amount of royalties and marketing fees receivable, nor does it provide comparative figures from the previous year (2022). Without these figures, it is impossible to determine the change in royalties and marketing receivable for Better Blend.

For a prospective franchisee, understanding the royalties and marketing fees receivable is crucial for assessing the financial health and stability of Better Blend. A significant change in this figure could indicate fluctuations in franchisee performance or collection efficiency.

To gain a clearer understanding, a potential franchisee should ask Better Blend for the specific amounts of royalties and marketing fees receivable for both 2022 and 2023. This information will allow for a calculation of the change and a better assessment of the company's financial trends. Additionally, inquiring about the allowance for doubtful accounts and the criteria used to determine collectability can provide further insight into the quality of these receivables.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.